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Re: New Trump Tax Documents Show Wild Inconsistencies, Says Report

By: Cactus Flower in ALEA | Recommend this post (0)
Wed, 16 Oct 19 7:19 PM | 25 view(s)
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Msg. 32346 of 54959
(This msg. is a reply to 32333 by clo)

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I don't think we can conclude there's anything unusual unless the figures are clearly false. Expensive accountants can do clever things with numbers that aren't illegal.

Having said that, this is Trump. So most likely, he cheated.




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The above is a reply to the following message:
New Trump Tax Documents Show Wild Inconsistencies, Says Report
By: clo
in ALEA
Wed, 16 Oct 19 2:29 PM
Msg. 32333 of 54959

New Trump Tax Documents Show Wild Inconsistencies, Says Report

Jamie Ross Reporter
Published 10.16.19 6:39AM ET

Newly unearthed tax documents show stark differences in how Donald Trump’s real-estate businesses reported losses and profits at two Manhattan buildings, depending on who the intended audience was.

ProPublica reports it obtained documents showing Trump’s business gave a lender very different figures than ones provided to New York City tax authorities. The numbers made buildings appear more profitable to the lender, and less profitable to the officials who determined its property tax.

The figures show “versions of fraud,” said Nancy Wallace, a finance professor at the University of California at Berkeley, adding: “This kind of stuff is not OK.” 

Trump reportedly informed the lender that he took in double the amount of rent from one building as he reported to the tax office in the same year, and gave out two different occupancy figures. New York City’s tax forms state that “false filings are subject to all applicable civil and criminal penalties.”

Read it at ProPublica
http://www.thedailybeast.com/trump-tax-documents-show-wild-inconsistencies-says-report?via=newsletter&source=CSAMedition


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